Company Profile

The Fairvest property portfolio consists of 41 properties, with 193 580m² of gross lettable area (“GLA”) and valued at R2.08 billion.

The portfolio is predominantly focused in the retail sector (94.7%), with selective exposure to office properties (5.3%). Fairvest is well diversified across the main provinces of South Africa, with a regional income split of KwaZulu-Natal (22%), Western Cape (20.0%), Gauteng (14%), Free State (16%), Northern Cape (12%), Limpopo (6%), Eastern Cape (7.0%) and Mpumalanga (3%).

CORPORATE INFORMATION
ISIN: ZAE0000203808

OUR VISION

Our vision is to be a dynamic Real Estate Investments Trust listed on the JSE, investing in quality retail assets with sustainable income streams and thereby maximising stakeholder value. We are committed to enhancing our built environment by collaborating with the communities we operate in and we strive to be the landlord of choice, treating our tenants with respect and understanding.

We seek out mutually beneficial, strategic partnerships to gain critical mass and reduce operating costs by sharing excellent resources and the latest technology. We also aim to create a work environment that is conducive to innovative thinking, efficiency and growth.

We have an experienced driven team, who brings fresh thinking to our deal making, always geared to maximising profits and enhancing our built environment and in so doing, generate superior sustainable returns for our stakeholders.

MISSION

We are an experienced driven team, relationship focused, Real Estate Investment Fund who bring fresh thinking to our deal making geared to maximising profits and enhancing our built environment and in doing so generate superior sustainable returns for our stakeholders.

OUR VALUES

S.K.R.I.P.T

Social contribution

Wherever we are, we enhance our built environment and provide tangible benefits to the communities in which we operate.

Knowledge

Know your game is our mantra – research and understanding our market and clients enables us to deliver a quality service.

Relationships

We build relationships by being honest in our dealings, respectful in our engagements and collaborative in our approach.

Innovation

We have a creative, solution orientated approach in all our dealings. We are proactive in our approach.

Profitability

We strive to maximise profits by being operationally efficient and financially disciplined.

Team driven

Our well qualified team is passionate, committed to service excellence with a strong focus on honesty, accountability and responsibility.

OUR STRATEGY

Portfolio growth and enhancements

Acquire assets within our sector which contributes to the sustainable growth of distributions. Asset price range of between R30 million and R120 million.

Develop relationships with developers and private landlords in order to bring new assets to the listed sector.

Look to develop strategic partnerships to maximise deal flow.

Dispose of non-core assets in order to align the fund to retail only assets

Asset management focused areas

Extracting value from vacancies within the portfolio, through various leasing initiatives.

Increasing the focus on tenant retention by communicating with tenants effectively and engaging at least six months before the expiry of leases

Continue to build on strategic relationship with national tenants.

Debtor management. Ensuring that at least 75% of all monthly billings are collected by the 7th of each month and by communicating with tenants regularly on arrears.